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Which of the following errors will affect the trial balance total?


Question

Which of the following errors will affect the trial balance total?

Options

A) posting disscount allowed to the debit side of the discount allowed account

B) omision of one account from the list when extracting from the ledger

C) failure to post sales of ₦2,000 and purchases of ₦2,000 from the subsidiiary ledger

D) omission of sales of ₦3,000 and purchases of ₦2,000

Explanation:

Trial balance is a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error. Omission of sales of ₦3,000 and purchases of ₦2,000 will affect the trial balance total.


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Dicussion (1)

  • Trial balance is a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error. Omission of sales of ₦3,000 and purchases of ₦2,000 will affect the trial balance total.

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